Raffles Education Corporation Ltd

Sub-Division of every one (1) existing ordinary share into two (2) ordinary shares

In Summary, Shares of the Company will be traded as follows:

Up to 12 March 2008     : Shares before the Sub-Division (iOCBC stock code: R17)

From 13 March 2008     : Shares after the Sub-Division (iOCBC stock code: E6D)

For illustration purpose:

If you have 1000 Shares on or before 12 March 2008, your new holding will be 2000 shares from 13 March 2008 onwards.

Due to changes in the iOCBC stock code, your new holding will not be reflected in iOCBC's Portfolio. Please refer to the User Guide for adjustment of your portfolio.

Note: All information provided above is correct at the time of posting.

Last Updated on 18 Feb 2008